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DMX's Net Worth: How the Rapper Made and Lost His Fortune

by Betty Armenta 2 months ago in celebrities
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Even the best rappers sometimes struggle to maintain their fortunes, and DMX is no exception.

After breaking through in the late 1990s, the rapper has released several popular albums, including 2001’s Grand Champ and 1998’s ...And Then There Was X, which both earned platinum status. His film debut, Romeo Must Die, was also a box office hit and allowed him to branch out into TV and film roles in addition to his music career.

The Start

Born and raised in Yonkers, New York, DMX (who is his legal name) had a rough childhood. In an interview with Rolling Stone, he revealed that by 11 years old he was addicted to crack cocaine. My mother took drugs so I wanted to be just like her because she didn’t get high off it but made money from it, he told RS.

The Success

DMX is a hip-hop legend. In 1999, DMX was nominated for an Oscar for Best Original Song as a part of The 48 Laws of Power soundtrack. He has collaborated with artists including Jay Z, Lil' Kim, Method Man, P Diddy, Christina Milian, Mariah Carey, and Foxy Brown. In 2003 he was signed to Def Jam Records by famed record producer Irv Gotti.

The Downfall

DMX has had a turbulent career. After raking in millions in his early career, he hit some road bumps along his way to stardom, including legal troubles that often landed him in jail. During that time, DMX fell into a life of crime and gave away much of his fortune to support a lifestyle of drugs and alcohol. Thankfully, after years of recovery and hard work, DMX is back on top with new music coming out.

Post Jail Struggles

After his 2003 tax evasion conviction, DMX claimed he was penniless. He owed millions of dollars in back taxes, attorney fees, and various other debts. After he was released from prison in 2006 (he served 6 months of a 1-year sentence), DMX fell into a downward spiral. Not only did he start dealing drugs again (which led to a 2nd prison stint) but he also couldn’t break his addiction to drugs or gambling. To make matters worse, he had no money for food or rent so he started squatting in abandoned buildings. By 2010, DMX filed for bankruptcy protection because his assets were underwater—meaning they were worth less than what he owed on them. At one point during that year, DMX even sold his $1 million mansion for just $100K to help pay off some of his debt. Things have gotten better since then—DMX seems to be on track with paying off all of his debt (including back taxes). As of 2019, DMX has earned over $30 million as an entertainer and has amassed a net worth of over $10 million.

Best Highlights of DMX’s Career

Besides his big-screen roles, DMX is best known for his music. The rapper released four studio albums during his career, including 1998’s It’s Dark and Hell Is Hot, which debuted at number one on Billboard’s top rap albums chart. He later appeared in a handful of films throughout the early 2000s, including Exit Wounds, Cradle 2 The Grave, and Cheaper By The Dozen 2. Overall, DMX has sold more than 30 million records worldwide as a recording artist. Highlights of DMX’s Career: Besides his big-screen roles, DMX is best known for his music. The rapper released four studio albums during his career, including 1998’s It’s Dark and Hell Is Hot, which debuted at number one on Billboard’s top rap albums chart. He later appeared in a handful of films throughout the early 2000s, including Exit Wounds, Cradle 2 The Grave, and Cheaper By The Dozen 2. Overall, DMX has sold more than 30 million records worldwide as a recording artist.

DMX's Net Worth in 2021 Before His Death

-$1 Million Dollars, Before his death in 2021, DMX's net worth was -$1 million dollars. With numerous hits on his resume, DMX managed to rack up impressive sums of money for himself over time. Even after several years of incarceration at some point, he still was able to manage a net worth of -$1 million dollars. He amassed that through both his music sales as well as acting roles over time. He had a handful of acting roles throughout his career and some of them were particularly high-paying such as those in Romeo Must Die with Jet Li and The Wash with Dr. Dre.

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Betty Armenta

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